Symmetry Systems, a prominent data security firm, has announced the closure of its latest funding round on $17.7m.
Notable investors included ForgePoint Capital, Prefix Capital, W11 Capital Management, and TSG (The Syndicate Group).
Symmetry Systems has developed an advanced Data Security Posture Management (DSPM) platform. This AI-powered solution empowers organisations to vigilantly monitor sensitive data, mitigate exposure risks, streamline security and privacy compliance audits, address both insider and third-party risks, and adopt a robust zero-trust data security model.
The fresh capital will be channelled to enhance the capabilities of its DSPM platform, with a key focus on AI integration. The firm is ambitiously working on introducing an LLM-based natural language interface, designed to simplify the process for less technical users, aiding them in comprehending data-related threats and their potential countermeasures.
Setting Symmetry Systems apart in the crowded data access governance domain is its flagship product, Symmetry DataGuard. It boasts a unique capability to scrutinise data objects and identities, often overlooked by mainstream solutions, enabling security personnel to effectively gauge and contextualise data-associated risks in their operational environment.
Trace3 VP of innovation Katherine Walther said, “In the data access governance space, Symmetry DataGuard differentiates itself with its ability to analyse data objects and identities previously missed by traditional solutions so security teams can accurately contextualise the risk of the data in their environment.”
Symmetry Systems isn’t new to the investment scene. They had previously secured $3m in 2020, followed by an impressive $15m in 2021.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
